Xiaomi Corporation To Be Listed on the Main Board of The Stock Exchange of Hong Kong Limited

Xiaomi Corporation has announced its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited.

Xiaomi Corporation To Be Listed on the Main Board of The Stock Exchange of Hong Kong Limited

Considered as the world’s largest consumer IoT platform in terms of the number of connected devices, according to iResearch, Xiaomi Corporation’s annual sales exceeded US$10 billion in 2014 four years after inception, the fastest company to reach such feat in history.

According to Lei Jun, Executive Director, Founder, Chairman, and Chief Executive Officer of Xiaomi, the possible listing of the company on the Main Board of the Stock Exchange of Hong Kong Limited is a new stage in their business journey.

“Xiaomi’s achievements so far illustrate the strength and resilience of our model. Within seven years of our founding, our annual revenue exceeded RMB100 billion, achieving a growth rate that many traditional companies are unable to match,” the executive said.

“We believe that the potential of our global business is limited only by our imagination. With our unique ecosystem model, we have mobilized many like-minded entrepreneurs, and we are not only changing industries in China, but also elsewhere in the world. Fundamentally, the Internet is all about transparency, efficiency, and equality. We want to allow everyone to enjoy the benefits of technology. That is the goal that all Xiaomi employees and I are working tirelessly for,” Jun added.

Currently, Xiaomi Corporation is present in 74 countries and regions. The International Data Corporation (IDC) also named Xiaomi as the number one brand in India in terms of smartphone shipments for the fourth quarter of 2017. The company is also one of the top five in 15 markets.